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MarineMax Posts Record Q2
Coming off its most profitable fourth quarter, first quarter and fiscal year, the company continued to roll with a 70 percent increase in revenue.
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Apr 22, 2021
MarineMax posted a record second quarter, reporting an increase in revenue of more than $214 million 70 percent to $523.1 million, compared with the same quarter a year prior.
The company had a 45 percent increase in same-store sales for the quarter, driven by an increase in comparable new units sold, MarineMax said.
In addition, net income and earnings per diluted share were up more than sevenfold, to $38.9 million and $1.69, respectively.
For the six-month period ending March 31, revenue is up 52 percent, to $935 million, with a 33 percent increase in same-stores sales.
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MarineMax CEO Brett McGill on the future of the industry giant 1 March 2021 11:30 Business
Georgia Tindale
When news broke in July 2019 that Fraser had been acquired by the US’ largest boat dealer, MarineMax, from the Azimut|Benetti Group, the superyacht industry sat up and took note. Here, we sit down with CEO Brett McGill to learn what is next in the pipeline.
Photo: MarineMaxNot only did the move add the Benetti Class of yachts to MarineMax’s motor yacht offering, but also “dramatically increase [MarineMax’s] presence and strength in the strategically important superyacht category ” according to a statement released at the time from CEO Brett McGill. And, as if that wasn’t enough to get the industry talking, MarineMax hit the headlines once again through its purchase of brokerage house Northrop & Johnson in July this year.
MarineMax Posts Q1 Results
Jan 28, 2021
MarineMax posted a record first quarter, reporting an increase in revenue of more than $107 million 35 percent to $411.5 million, compared with the same quarter a year prior.
In addition, net income and earnings per diluted share more than doubled, to $23.6 million and $1.04, respectively.
“We delivered record sales and earnings growth in the quarter on top of very strong performance a year ago as we continue to outperform by effectively executing on our balanced growth strategy,” MarineMax president and CEO Brett McGill
said in a statement. “Our entire team contributed to these impressive results, supported by our global market presence, premium brands, exceptional customer service and ongoing investments in technology.”